26
Sep
09

FIX Traders Work Station for Multiple Markets in Java Swing

TradeSystem-I is a Retail Trading System Work Station that allows you to trade in Equities. Fix Income, Foreigh Exchange, Options, Market Indices, and Swaps using FIX protocol. It is compatible with FIX Messaging Versions 4.0 – 5.0.

Trade System-I Stock Traders Work Station


Trader's Work Station Equity and Stocks Java Swing



Click for Orion Daley’s Resume

Trade System-I is a Java Swing Implementation of a Traders Work Station. It has a number of market selections for its domain focus. Equities and Stocks as illustrated above is one of them. Within each domain , like Equities and Stocks, critical areas of focus can be selected by the tabs.


Trader's Work Station Equity and Stocks Java Swing

The Equities and Stocks domain contains Market / Company News, Stock Quotes, Watch List and Charting, Risk Analytics, and a Portfolio Manager, which is into openFIX for post trades.



Click for Orion Daley’s Resume


Traders Work Station Equity and Stock Quotes in Java Swing



Click for Orion Daley’s Resume


Traders Work Station Equity and Stock Quotes in Java Swing

Trade System-I Fix Income Traders Work Station

The Fixed Income Work Station is written in Java Swing. It is for the purpose of supporting Asset Management. It takes advantage of its own Quant Library, the ability to obtain data and news off the internet, such as the Federal Reserve Interest Rates, and do such rudimentary things such as charting the Yield Curve, or Fed Interest Rates.





Click for Orion Daley’s Resume





Click for Orion Daley’s Resume




Click for Orion Daley’s Resume

To support asset management, the access to remote data, and its custom quant library, allows its design and build to be dynamic. In other words, different areas of Fixed Income can be supported that range from Trading, Portfolio Valuation, Inventory management, risk analytics and research.



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11
Sep
09

Risk Mitigation in Securities Lending and REPO

MitigatingInvestmentRisks

Mitigating Investment Risks in Institutional Lending and REPO

by Orion Karl Daley. okdaley (at) gmail.com

Please see the attached three minute slide show. Your learned opinion is welcomed as well as sharing this.

Summary:

New types of Default Swap Contracts are proposed that are intended to mitigate risk in institutional asset management. They are to consist of insurance policies that by design will not impact an insurers reserves.

The slide show is intended to be self explanatory and I am not from a bank of insurance company. My interest is from the standpoint as an engineer.

The idea in summary is that for any institutional lending contract ( Sec Lending or REPO ) , the lending institution can obtain an insurance policy from an insurer.

The original intent of the swaps is 1- to allow lender risk mitigation while opening the markets further: i.e – increase lending at the institutional level. And 2- to further a revenue stream for insurer’s in writing such policies.

When an insured lending contract is in default, while the insurer pays on the policy, the lending institution provides a long term loan to them for the same amount.

The loan is to remove the exposure to the insurer’s reserves, while enabling them to meet their commitments of the insurance policy.

Other assumed benefits:

From the lenders standpoint, the loans noted to an AA rated insurer are an AA rated asset.

- the accumulation of AA rated assets ( loans from the bank ) offers the opportunity to create ‘AA’ rated CDOs.

About The M3 Money Supply Space and trickle down

Although the Fed sees M3 as opaque ( turning a blind eye, in a state of denial, or like sticking your head in the sand ) , this is the space that institutional lending could find itself in.

With effective risk mitigation and ‘AA’ rated assets, I would think that the M3 Space could be stabilized, where if not, it would affect M2 and M1: i.e – the recent implosion.

I further assume that as M3 is stabilized, this would improve the lending capacities in M2 and M1: i.e – as toxic assets become offset by ‘AA’ rated ones on balance sheets.

11
Sep
09

Foreign Exchange Group Trade Manager by Orion Daley

Group Trade Manager for trading Currency Pairs

The Group Trade Manager is written in C++ (Microsoft Visual C++/MFC ). Its initial business purpose is providing %percent allocation for a money manager’s sub-accounts. It provides real time trading and reporting.

Percent allocation of FX lots is typically a manual task, where the group trade manager makes this an automatic operation.